Standard & Poor's Announces Changes to U.S. Indices
29 March 2006 - 11:03AM
PR Newswire (US)
NEW YORK, March 28 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400 and
S&P SmallCap 600 indices: * S&P REIT Composite constituent
Boston Properties Inc. (NYSE:BXP) will replace Cinergy Corp.
(NYSE:CIN) in the S&P 500 after the close of trading on Friday,
March 31. Cinergy is being acquired by S&P 500 constituent Duke
Energy Corp. (NYSE:DUK) in a deal expected to close before the open
of trading on April 3, pending final approvals. * S&P REIT
Composite constituent Kimco Realty Corp. (NYSE:KIM) will replace
Jefferson-Pilot Corp. (NYSE:JP) in the S&P 500 after the close
of trading on Monday, April 3. Jefferson-Pilot is being acquired by
S&P 500 constituent Lincoln National Corp. (NYSE:LNC) in a deal
expected to close on or about that date, pending final approvals. *
S&P SmallCap 600 constituent Roper Industries Inc. (NYSE:ROP)
will replace Renal Care Group Inc. (NYSE:RCI) in the S&P MidCap
400 after the close of trading on a date to be announced. Renal
Care is being acquired by S&P Global 1200 constituent Fresenius
Medical AG in a deal that is still pending FTC approval. Epicor
Software Corp. (NASD:EPIC) will replace Roper in the S&P
SmallCap 600. * LoJack Corp. (NASD: LOJN) will replace Intrado Inc.
(NASD: TRDO) in the S&P SmallCap 600 after the close of trading
on Tuesday, April 4. Intrado is being acquired by West Corp. (NASD:
WSTC) in a deal expected to close on or about that date, pending
final approvals. * Independent Bank Corp. (NASD: IBCP) will replace
Gold Banc Corp. Inc. (NASD: GLDB) in the S&P SmallCap 600 after
the close of trading on a date to be announced. S&P 500
constituent Marshall & Ilsley Corp. (NYSE:MI) is acquiring Gold
Banc in a deal that is still pending final approvals. Standard
& Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/. Boston
Properties primarily owns office buildings in the Boston,
Washington, D.C., New York City, San Francisco, and Princeton, N.J.
markets. Headquartered in Boston, MA, the company will be added to
the S&P 500 GICS (Global Industry Classification Standard) Real
Estate Investment Trusts Sub-Industry index. Kimco Realty owns and
operates neighborhood and community shopping centers. Headquartered
in New Hyde Park, NY, the company will be added to the S&P 500
GICS Real Estate Investment Trusts Sub-Industry index. Roper makes
industrial equipment and analytical instruments, primarily for oil
and gas producers, semiconductor equipment makers, and industrial
companies. Headquartered in Duluth, GA, the company will be added
to the S&P MidCap 400 GICS Electrical Components &
Equipment Sub-Industry index. Epicor Software provides enterprise
software for mid-sized companies. Headquartered in Irvine, CA, the
company will be added to the S&P SmallCap 600 GICS Application
Software Sub-Industry index. LoJack provides products that assist
law enforcement personnel in locating, tracking, and recovering
stolen vehicles. Headquartered in Westwood, MA, the company will be
added to the S&P SmallCap 600 GICS Electronic Equipment
Manufacturers Sub-Industry index. Independent Bank provides a full
range of financial services across Michigan's lower peninsula.
Headquartered in Ionia, MI, the company will be added to the
S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - March
31, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Boston Financials Real Estate Properties Investment Trusts DELETED
Cinergy Utilities Electric Utilities S&P 500 INDEX - April 3,
2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Kimco
Realty Financials Real Estate Investment Trusts DELETED
Jefferson-Pilot Financials Life & Health Insurance S&P
SMALLCAP 600 INDEX - April 4, 2006 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED LoJack Information Technology Electronic
Equipment Manufacturers DELETED Intrado Information Technology Data
Processing & Outsourced Services S&P MIDCAP 400 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Roper
Industrials Electrical Components & Industries Equipment
DELETED Renal Care Health Care HealthCare Services S&P SMALLCAP
600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Epicor Software Information Technology Application Software
DELETED Roper Industries Industrials Electrical Components &
Equipment S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED Independent Bank Financials Regional
Banks DELETED Gold Banc Financials Regional Banks Additions to and
deletions from an S&P equity index do not in any way reflect an
opinion on the investment merits of the companies concerned. About
Standard & Poor's Standard & Poor's, a division of The
McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider
of independent credit ratings, indices, risk evaluation, investment
research and data. With approximately 6,300 employees located in 20
countries and markets, Standard & Poor's is an essential part
of the world's financial infrastructure and has played a leading
role for more than 140 years in providing investors with the
independent benchmarks they need to feel more confident about their
investment and financial decisions. For more information, visit
http://www.standardandpoors.com/. About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global
information services provider meeting worldwide needs in the
financial services, education and business information markets
through leading brands such as Standard & Poor's, McGraw-Hill
Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 290 offices in 38 countries. Sales in
2005 were $6.0 billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee (212) 438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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